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Investing 101 for Millennials

Starting early is the key to building a comfortable nest egg, says T. Rowe Price's Eric Veiel.

This transcript has been automatically generated and may not be 100% accurate.

I ... every generation looks back at the younger generation coming up behind them and sees all kinds of problems with that it happened Austin jam acts and looking back Jen Xers are now doing its millenials ... of them I guess they says in a lot ... or really it's the same in many ways and Jack operator Barron's stock on that their bile who runs U S equities for me to fund company T Rowe price I give an interesting perspective on the millennial generation can you share that with this real quick sure Jack ... you introduced the great I think there are many similarities with jam acts in with them all angles and as you go through time I think with the ... markets are the most misunderstood is when it comes to millennials ... I think over time that I wanna do a lot of the same things that you and I have done which has settled down ... by a house and start a family ... and can you give some financial advice to this group because that's one thing that then this is baffling to say nobody told us in nobody's telling them in school or wherever ... me really explains the investing why it's helpful to start early while the most powerful thing in the world to some people has the power of compound Einstein called it it's one of the world of those controversial whether he actually said that ... saving money early is one of the most important things you can do and buying a house is one of those ways that helps you to say because you're forced ... to put money into that house every year and is the home price over time does go up ... aam you have a piggy bank to drop on later in life ... one more point the company can you explain why a ... it's something you don't really see over the first five seven even ten years but over thirty or forty years it's so powerful ... it is ... that is unbelievably powerful it's because in those early years the numbers are very small but as that he starts to grow ... each incremental ... in addition the Jamaica on a percentage basis is off that larger and larger base in the dollar's become very much thanks for much of charge ...